Needham Starts 3Com (COMS) at Buy

June 17, 2009 7:56 AM EDT

Needham initiates coverage on 3Com (Nasdaq: COMS) with a Buy rating and 'Street High' $7 price target.

Shares of COMS closed at $4.72 yesterday, providing 48% upside to the price target.

3Com Corporation provides secure and converged networking solutions that enable customers to manage voice, video, and data in a secure network environment.


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